POLY DESIGN

Active

Private limited companyfounded 200224 yrs activeGistelsteenweg 430, 8490 Jabbeke, BelgiumKBO/BCE: BE 0477.944.932

The computed 12-month bankruptcy probability of POLY DESIGN is 3.8% (moderate). The 2024 annual accounts show negative equity (€-117k) and a net result of €-129k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 18944 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

16 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency0▼-33

Growth32▼-46

Track record100

Bankruptcy probability, 12 months

3.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.17 against 0.61 in 2023; short-term debt: 151.5% and cash: 16.6% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-87.5%

Return on assets

-96.2%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-117k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

60 d late

2023

89 d late

2022

67 d late

2021

3 d early

2020

36 d early

2019

14 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-117k

2023 · €12k

2018: €-68k 2019: €-24k 2020: €10k 2021: €28k 2022: €45k 2023: €12k

2018 → 2024

Total assets

€134k▼ 8.5%

2023 · €146k

2018: €274k 2019: €260k 2020: €300k 2021: €280k 2022: €274k 2023: €146k

2018 → 2024

Net result

€-129k▼ 283%

2023 · €-34k

2018: €-40k 2019: €44k 2020: €34k 2021: €47k 2022: €47k 2023: €-34k

2018 → 2024

Working capital

€-169k▼ 290%

2023 · €-43k

2018: €-159k 2019: €-126k 2020: €-88k 2021: €-97k 2022: €-100k 2023: €-43k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€10k-€28k▲ 171%€45k▲ 63.0%€12k▼ 74.4%€-117k

Operating result€49k-€61k▲ 24.4%€56k▼ 7.4%€-27k€-123k▼ 349%

Net result€34k-€47k▲ 37.8%€47k▼ 0.1%€-34k€-129k▼ 283%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €123k in 2024 against €27k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €134k

74.9%

25.1%

Fixed assets €100k▲ 26.5%

Current assets €34k▼ 49.9%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-96k▼

2023 · €-11k

Cash flow

€-102k▼

2023 · €-17k

Solvency

-87.5%▼

2023 · 7.9%

Current ratio

0.17▼

2023 · 0.61

Quick ratio

0.13▼

2023 · 0.56

Debt / equity

-2.14▼

2023 · 11.65

ROA

-96.2%▼

2023 · -23.0%

Interest coverage

-16.73▼

2023 · -2.28

Debt

€251k▲

2023 · €135k

Debt ≤ 1 year

€203k▲

2023 · €110k

Debt > 1 year

€48k▲

2023 · €24k

Income taxes

€213▼

2023 · €225

Staff costs

€94k▲

2023 · €1k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€146k€134k▼

Fixed assets21/28€79k€100k▲

Tangible fixed assets22/27€79k€100k▲

Plant, machinery and equipment23€35k€48k▲

Furniture and vehicles24€41k€29k▼

Other tangible fixed assets26€3k€24k▲

Current assets29/58€67k€34k▼

Stocks and contracts in progress3€5k€7k▲

Stocks30/36€5k€7k▲

Amounts receivable within one year40/41€18k€3k▼

Trade receivables40-€1k

Other amounts receivable41€18k€2k▼

Cash at bank and in hand54/58€43k€22k▼

Deferred charges and accrued income490/1€764€1k▲

Equity and liabilities

Total equity and liabilities10/49€146k€134k▼

Equity10/15€12k€-117k▼

Contributions10/11€20k€20k=

Reserves13€156€156=

Tax-exempt reserves132€156€156=

Profit (loss) carried forward14€-9k€-137k▼

Amounts payable17/49€135k€251k▲

Amounts payable after more than one year17€24k€48k▲

Financial debts170/4€24k€48k▲

Amounts payable within one year42/48€110k€203k▲

Current portion of amounts payable after more than one year42€15k€19k▲

Trade debts44€27k€64k▲

Suppliers440/4€27k€64k▲

Taxes, remuneration and social security45€9k€20k▲

Taxes450/3€9k€8k▼

Remuneration and social security454/9-€12k

Other amounts payable47/48€59k€101k▲

Income statement Code20232024

Non-recurring operating income76A€7k-

Remuneration, social security and pensions62€1k€94k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€26k▲

Other operating charges640/8€15k€1k▼

Gross operating margin9900€5k€-2k▼

Operating profit (loss)9901€-27k€-123k▼

Financial income75/76B€0€31▲

Recurring financial income75€0€31▲

Financial charges65/66B€6k€6k▼

Recurring financial charges65€5k€6k▲

Non-recurring financial charges66B€1k-

Profit (loss) for the period before taxes9903€-33k€-129k▼

Income taxes67/77€225€213▼

Profit (loss) for the period9904€-34k€-129k▼

Profit (loss) for the period to be appropriated9905€-34k€-129k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-34k€-137k▼

Profit (loss) brought forward from the previous period14P-€-9k

Transfer from equity791/2€25k-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

2024

31-12

Financial Weakest financial yearnet €-129k

Net result drops to €-129k, the lowest in the series.

28-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 89 days late

2023

06-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 67 days late

2022

28-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2018net €47k ▲37.8%

Operating result €61k, net result €47k, both a record.

25-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

17-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Back to profitnet €44k

Net result €44k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 days late

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

28-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

25-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 25 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Jabbeke · 2 establishment units since 2002

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Gistelsteenweg 4308490 Jabbeke

Ground area

586 m²

Building footprint

691 m²

Volume, LiDAR

6,398 m³

2 parcels, Flanders · tallest building 19.8 m, ±6 floors. Linked by address, not a title deed.

2 establishment units

POLY DESIGN

Gistelsteenweg 430, 8490 JabbekeRaising of dairy cattle

since 20022.115.581.282

Au Bord du Mer

Arendlaan 11, 8434 MiddelkerkeManufacture of textiles

since 20182.280.623.319

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31012A0425/00W000	Flanders	341 m²	1 · 445 m²	7.3 m · 2 fl.
35022A0001/00D066 ProtectedMonumentEnsemble van burgerhuizen in cottagestijlSource ↗	Flanders	245 m²	1 · 245 m²	19.8 m · 6 fl.